Brokerages Set Intapp, Inc. (NASDAQ:INTA) Target Price at $53.55

Intapp, Inc. (NASDAQ:INTA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $53.55.

INTA has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Intapp from $52.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Stifel Nicolaus upped their price target on shares of Intapp from $45.00 to $60.00 and gave the company a "buy" rating in a report on Monday, September 23rd. Barclays increased their price objective on shares of Intapp from $44.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Raymond James boosted their price objective on shares of Intapp from $46.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Finally, UBS Group increased their target price on Intapp from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th.

Intapp Trading Up 0.4 %

Shares of INTA stock traded up $0.23 on Monday, reaching $56.36. The company had a trading volume of 300,386 shares, compared to its average volume of 645,518. The stock has a market cap of $4.36 billion, a PE ratio of -194.34 and a beta of 0.64. The company has a 50-day moving average of $50.16 and a 200-day moving average of $41.64. Intapp has a 12 month low of $30.36 and a 12 month high of $60.88.

Intapp (NASDAQ:INTA - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million during the quarter, compared to the consensus estimate of $117.88 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The business's quarterly revenue was up 17.0% on a year-over-year basis. Sell-side analysts anticipate that Intapp will post -0.14 earnings per share for the current year.

Insider Activity at Intapp

In other news, COO Donald F. Coleman sold 58,003 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $49.31, for a total transaction of $2,860,127.93. Following the completion of the sale, the chief operating officer now owns 668,239 shares in the company, valued at approximately $32,950,865.09. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thad Jampol sold 31,666 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $49.09, for a total value of $1,554,483.94. Following the sale, the insider now owns 772,412 shares of the company's stock, valued at approximately $37,917,705.08. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 237,017 shares of company stock worth $12,156,222. Insiders own 13.02% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Intapp by 9.9% in the third quarter. Geode Capital Management LLC now owns 1,051,237 shares of the company's stock valued at $50,291,000 after acquiring an additional 95,035 shares during the period. Barclays PLC grew its position in shares of Intapp by 90.1% during the 3rd quarter. Barclays PLC now owns 106,781 shares of the company's stock worth $5,108,000 after purchasing an additional 50,607 shares in the last quarter. Luxor Capital Group LP bought a new position in shares of Intapp during the third quarter worth approximately $47,837,000. XTX Topco Ltd acquired a new stake in shares of Intapp in the third quarter valued at approximately $486,000. Finally, Wellington Management Group LLP boosted its stake in shares of Intapp by 1.0% in the third quarter. Wellington Management Group LLP now owns 995,747 shares of the company's stock valued at $47,627,000 after buying an additional 10,214 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.